General Mills (NYSE:GIS) reported adjusted Q3 EPS of $0.56, in line with consensus estimates. Revenues for the quarter rose 2% year-over-year to $3.65 billion, missing consensus estimates of $3.70 billion.The company expects 2011 adjusted EPS of $2.46 to $2.48, vs. consensus estimates of $2.48 per share.General Mills is in exclusive talks to buy a majority stake in Yoplait.Chairman and Chief Executive Officer Ken Powell said, "Results for the third quarter showed an acceleration in sales and profit growth following first-half performance that tracked generally in-line with strong prior-year levels. Our plans call for the fourth quarter to show the highest earnings growth of the year, with increasing contributions from pricing actions we have taken to partially offset significant commodity cost increases. We remain on track to achieve our financial targets for the full 2011 fiscal year."